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IN RE JNS AVIATION, LLC

Bankruptcy No. 04-21055-RLJ-7, Adversary No. 04-2028.

376 B.R. 500 (2007)

In re JNS AVIATION, LLC, Debtor. Nick Corp, Plaintiff, v. JNS Aviation, Inc. aka JNS Aviation Group, LLC, JNS Aviation, LLC, JNS Aircraft Sales, LLC, J. Malcolm Shelton, Individually, and James N. Shelton, Individually, Defendants.

United States Bankruptcy Court, N.D. Texas, Amarillo Division.

September 26, 2007.

Attorney(s) appearing for the Case

Colin G. Martin, Gardere Wynne Sewell LLP, Dallas, TX, Susan Mary Halpern, Culp Dyer & Halpern LLP, Denton, TX, Kent David Ries, Law Office of Kent Ries, Amarillo, TX, for Plaintiff.

David M. Jones, John Ben Blanchard, John F. Massouh, Mitchell Murphy, T. Scott Randall, Sprouse Shrader Smith, Roger S. Cox, Sanders Baker PC, Amarillo, TX, for Defendants.

MEMORANDUM OPINION

ROBERT L. JONES, Bankruptcy Judge.

The Court in this adversary proceeding considers (i) the claims by plaintiff Nick Corp. against defendant Jim Shelton for fraud and fraudulent inducement, and (ii) Nick Corp.'s claim, based on veil-piercing theories, that defendants JNS Aviation, Inc., JNS Aircraft Sales, LLC, J. Malcolm Shelton, and James N. Shelton should be held liable to Nick Corp. for the underlying claim it holds against...

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